These are the realities of the new legal market. They also make it harder than ever to develop and execute a successful business strategy for your law firm. Many law firms report that their strategic plans are obsolete after as little as one year. Other firms develop what looks like a solid strategy, but cannot implement it.
Many law firms report that traditional strategic planning methods no longer work well. They often produce, at best, disappointing results. In some instances, a firm's three-year strategic plan is obsolete after a year. Other firms develop what appear to be solid strategic plans, but they cannot implement them.
Our clients also have told us that:
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Traditional strategic planning methods are too time-consuming, often taking up to a year just to develop and agree to the strategic plan. Law firms are understandably reluctant to commit to hundreds of thousands of dollars in consulting fees and partner time to write a document that may or may not produce results.
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Even then, traditional strategic planning seldom digs deeply enough into the client base to identify realistic opportunities, or into the firm's internal organization and culture to determine whether the firm has the resources needed to achieve the desired results.
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Many traditional plans overlook measurements, making it harder for the firm to determine whether the strategic plan has changed things for the better, or just changed things.
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In many instances, the firm's strategic plan is really just the work of a small group of partners, but never gains the enthusiasm or support of their colleagues.
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In worst cases, it is written by consultants.
Walker Clark assists lawyers to develop and -- even more importantly -- execute successful business strategies that take advantage of the new competitive dynamics in today's legal market. We work with you to discover, define, and implement a set of business strategies that are unique to your organization's culture, your clients, and your practice. More importantly, we work with you through a successful implementation to measurable results.
To explore these and other benefits of a Walker Clark strategic planning project, please contact Norman Clark by email or at 1.239.466.8370.
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